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Bitcoin’s (BTC) Price Liquidity on Binance Crashed Amid BlackRock ETF Rumor, Data Show

October 17, 2023
in Crypto Updates
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The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to simply 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The main cryptocurrency popped 7.5% to $30,000 in a knee-jerk response to the rumor, solely to surrender positive factors after BlackRock denied the report.



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Tags: BinanceBitcoinsBlackRockBTCCrasheddataETFLiquidityPriceRumorShow
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